Recent volatility in bank shares has seen a huge increase in retail trading in this sector. For example, trading volume statistics for Wednesday January 21st saw around 787 million RBS shares traded. Of this total almost 20% was traded on PLUS Markets, compared with a combined market share of under 4% for Chi-X, Turquoise and Nasdaq OMX Europe together. The breakdown for yesterday – in millions of shares was:
Millions of Shares | |
LSE | 568 |
PLUS Markets | 147 |
BOAT | 43 |
Chi-X | 25 |
Turquoise | 2.5 |
Nasdaq Europe | 1.6 |
PLUS is now consistently and clearly the third largest exchange/MTF in the UK (see Thompson Reuters stats)and usually carries more pan European volume trading than most MTFs. Further gains will be expected shortly when the new platform upgrade comes onstream with hittable quotes and dark pool trading.